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of summer properties. jerry seinfeld, robert de niro, paul simon some of the name 2s s that have properties out here. we wait for sunlight to assess the damage. it's almost like a video game on the roads where you have to duck under things and around things. took about a four hour nap, went to bed with 600,000 customers on long island without power. woke up with 900,000 customers. that's not people, just homes. so a lot more people do not have power. overall, it's about 6.5 million customers that did not have power. here it was about the surge in the ocean and the wind damage. the rain didn't create the issue. it will be about property damage. and as soon as we get first light, we'll go out and see what the damage is. a lot of downed trees. we've seen huge trees coming down in the surf through late yesterday. and in terms of the equipment, it's really so difficult to model that now because we just don't know what we're going to see when we get out there. it's been a tremendous element of electrical fires and in terms of first responders, we haven't been able to get to some. two fires on the
with accusations that the industry is sitting on cash rather than investing it. joining us now is simon perry, senior partner at inston young. a 13-figure sum. this is really referred to as -- need to energize off the sidelines and put into some sort of a vehicle. why to you think this hasn't been put to work just yet? >> i think the trillion number that's mentioned in the article you're referring to is not a number i recognize. i think the number is probably more like half that. >> so not $200 billion, you think it's about $100 billion? >> you mentioned the trillion, 200 of which relates to the 2007 and 2008 funds. 2007 and 2008 were definitely peak years for dry powder. that's the committed funds that haven't yet been spent on new investments. but it's actually been falling since then. it's quite a complicated issue. there are a number of reasons why fans haven't been investing, but although investments were at a peak in 2007 and 2008, there have been substantial investments through the subsequent years. >> so if there is cash that some of these private equities firms are sitting on and it'
be their top priority? join me in the conversation. e-mail or tweet. tom says how about simon cowell because he seems to be running everything else. what do you think? let us know. meanwhile, talking about the chancellor, george osbourne expected to announce further austerity measures at the conservative party conference today. beccy meehan has been at that conference and she caught up with george osbourne and asked him if more austerity would impress the financial markets. >> what they'll see is a country attacking its problems head on. we're one of those western countries getting on top of debt problems. we have an incredible plan to reduce their budget deficit delivering very low interest rates for you us in the markets at the moment. and so that is the proof that there are international parliaments in the plan, but what i'm saying is we have to stick with the plan and setting out new ideas for example in our welfare system to make sure this country continues to live within its means and at the same time has a tax system that attracts international businesses to britain p. and one of the enc
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